Register Financial Advisors LLC Invests $53,000 in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Register Financial Advisors LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the 1st quarter, Holdings Channel reports. The firm purchased 6,456 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds also recently made changes to their positions in BIGZ. Kestra Advisory Services LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 17.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 13,533 shares of the company’s stock worth $94,000 after acquiring an additional 2,005 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of BlackRock Innovation and Growth Term Trust by 17.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 285,220 shares of the company’s stock worth $1,985,000 after acquiring an additional 41,850 shares in the last quarter. Alpine Global Management LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 139.2% during the 3rd quarter. Alpine Global Management LLC now owns 145,098 shares of the company’s stock worth $1,010,000 after acquiring an additional 84,448 shares in the last quarter. AQR Arbitrage LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 40.3% in the third quarter. AQR Arbitrage LLC now owns 202,945 shares of the company’s stock valued at $1,412,000 after buying an additional 58,280 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 21.8% in the third quarter. Lazard Asset Management LLC now owns 2,581,925 shares of the company’s stock valued at $17,970,000 after buying an additional 462,842 shares in the last quarter.

BlackRock Innovation and Growth Term Trust Price Performance

NYSE:BIGZ opened at $7.23 on Friday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.35. The firm has a fifty day simple moving average of $7.33 and a 200 day simple moving average of $7.56.

BlackRock Innovation and Growth Term Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.0889 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 14.75%. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04.

Insider Activity at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 139,326 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average price of $8.10 per share, with a total value of $1,128,540.60. Following the completion of the purchase, the insider now directly owns 52,103,294 shares in the company, valued at $422,036,681.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

BlackRock Innovation and Growth Term Trust Profile

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.